Any company can easily manipulate profit numbers. Further big profit doesn’t ensure real cash flow. A company may report one crore profit with negative cash flow in books. Moreover, profitable growth might be fueled by external debt. In
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“If you want to know what these Wall Street firms are really worth, take a cold, hard look at these crappy assets they’re holding with borrowed money, and imagine what they’d fetch in a fire sale.”
― The Big Short: Inside the Doomsday Machine
― The Big Short: Inside the Doomsday Machine
Sujay’s 2024 Year in Books
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